Antigua & Barbuda

CBI: Controversial...but Critical to the Future

Established in 2013 through an act of parliament, the Antigua and Barbuda Citizenship by Investment Program (CIP) was intended to increase foreign direct investment.  It was envisioned as a way to promote development without imposing any new taxes on the country’s 100-thousand citizens. 

Today, the program makes up about 10% of the country’s overall budget revenue.  Prime Minister Gaston Browne told CIJN  this kind of non-tax revenue helped the country “create fiscal space, [to] continue to fund government operations.”


The Caribbean’s Pandemic Pyramids and Ponzis

Even as Caribbean authorities wrestle with the challenges of the COVID-19 pandemic, legislators have been scrambling to formulate appropriate responses to an accompanying growth in unlawful pyramid and Ponzi schemes marketed as financial solutions to the impact of restrictive pandemic measures.